Longboard Asset Management LP Buys New Position in Kratos Defense & Security Solutions, Inc. $KTOS

Key Points

• Longboard Asset Management LP acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), purchasing 4,463 shares valued at approximately $207,000 during the second quarter.
• Significant institutional activity was noted, with Vanguard Group Inc. increasing its position by 11.7% and multiple hedge funds raising their stakes in KTOS during the first quarter.
• Analyst ratings are generally positive, with a consensus rating of "Moderate Buy" and an average target price set at $57.64, supported by recent positive earnings reports exceeding estimates.

Longboard Asset Management LP purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,463 shares of the aerospace company's stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Costello Asset Management INC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter worth about $29,000. Aspect Partners LLC boosted its holdings in Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $30,000. Larson Financial Group LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded up $0.12 on Friday, reaching $80.77. 35,421,513 shares of the stock were exchanged, compared to its average volume of 2,811,438. Kratos Defense & Security Solutions, Inc. has a one year low of $22.64 and a one year high of $82.31. The firm has a market capitalization of $13.63 billion, a PE ratio of 807.78 and a beta of 1.05. The company's 50-day simple moving average is $64.09 and its two-hundred day simple moving average is $45.57. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

KTOS has been the topic of a number of analyst reports. Noble Financial restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 11th. Canaccord Genuity Group reissued a "buy" rating and set a $74.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, September 9th. Benchmark lifted their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.64.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $68.70, for a total transaction of $274,800.00. Following the completion of the sale, the insider directly owned 97,809 shares in the company, valued at $6,719,478.30. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 1,408 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $69.45, for a total transaction of $97,785.60. Following the completion of the transaction, the senior vice president owned 61,943 shares in the company, valued at $4,301,941.35. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,430 shares of company stock valued at $4,745,162. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.